Litecoin is officially dead

[smoothie]

Buy when there is blood on the street.

There is plenty of people giving up litecoin, so if the coin is to survive long term, this may be the time to buy at rock bottom price.

Imho, it seems silly to say that this is rock bottom prices, when a Litecoin was worth only a few cents less than a year ago.

This looks like a correction following this winter's pump.

Oh really? Proof or you don't know what you are talking about.

Obviously it wasn't and you dont have any proof because it wasn't cents LESS THAN A YEAR AGO ....buddy. 

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[Cluster2k]

If I held LTC I would avoid selling now.  The worst of the crash is probably over as LTC is now almost 90% off its peak.  The chances of it doubling in value from here are, I feel, much greater than the chance of it crashing lower to $2.40.

[Robin37s]

I think it can be "officially" said, since it's value has only gotten Much lower, worse than Dogecoin's dropping value.

that maybe comes true.....

[Justine]

If I held LTC I would avoid selling now.  The worst of the crash is probably over as LTC is now almost 90% off its peak.  The chances of it doubling in value from here are, I feel, much greater than the chance of it crashing lower to $2.40.

Problem is there are a lot of miners have pre-order ASIC miner that deliver a few months down the road.

They will need to sell at whatever price to recoup part of their investment.

[slapper]

Litecoin shill central has been saying buy buy forever. Wall Street, Coinbase, won't get any lower than this, silver to gold, younger brother, using "bitcoin and litecoin" into sentences trying to pose a connection between them and all kinds of shillery to rake in noobs.

On top of that, the audacity to push centralization of mining via ASICs as a necessary component of security, when the coin's birth claim and success was all tied to how accessible and consumer friendly hardware mining was, is what is getting reflected in the market.

That kind of shilling is unhealthy. Sure it could go up in the future, but shills should put disclaimers while they are shilling that they are not financial advisor and their shilling should be taken as such.

[TheMage]

Litecoin shill central has been saying buy buy forever. Wall Street, Coinbase, won't get any lower than this, silver to gold, younger brother, using "bitcoin and litecoin" into sentences trying to pose a connection between them and all kinds of shillery to rake in noobs.

On top of that, the audacity to push centralization of mining via ASICs as a necessary component of security, when the coin's birth claim and success was all tied to how accessible and consumer friendly hardware mining was, is what is getting reflected in the market.

That kind of shilling is unhealthy. Sure it could go up in the future, but shills should put disclaimers while they are shilling that they are not financial advisor and their shilling should be taken as such.

You missed a few opportunities to add some more "shills" in there. I'm pretty disappointed to be honest.


Back in my day, trolls were good at trolling.

[NWO]

Litecoin isn't doing anything innovative. It has just been carried on Bitcoin's back through psychological engrained bullshit that it is the silver to Bitcoin's gold. What rubbish.

I don't think Litecoin will be top 10 within the next year. Too many more promising crypto's vying for the position. 

[cinder]

Litecoin isn't doing anything innovative. It has just been carried on Bitcoin's back through psychological engrained bullshit that it is the silver to Bitcoin's gold. What rubbish.

I don't think Litecoin will be top 10 within the next year. Too many more promising crypto's vying for the position.  

Hard to say.

Even after dropping so much, the market cap gap between 2nd and 3rd spot is still very large.

[FandangledGizmo]

IMHO Litecoin has a huge fan base in the most populous country - China.

Agreed, but remember that crypto market in China is dying slowly. The central bank try to kill every possible way to exchange Yuan to Bitcoin and other VCs. That's the reason i think LTC can't have a bright future.

China is switching to BTSX (no. 6 on CMC) Look at volumes everyday on CMC only BTSX has BTSX/CNY volume higher than BTSX/BTC traded volume.

[slapper]

Litecoin shill central has been saying buy buy forever. Wall Street, Coinbase, won't get any lower than this, silver to gold, younger brother, using "bitcoin and litecoin" into sentences trying to pose a connection between them and all kinds of shillery to rake in noobs.

On top of that, the audacity to push centralization of mining via ASICs as a necessary component of security, when the coin's birth claim and success was all tied to how accessible and consumer friendly hardware mining was, is what is getting reflected in the market.

That kind of shilling is unhealthy. Sure it could go up in the future, but shills should put disclaimers while they are shilling that they are not financial advisor and their shilling should be taken as such.

You missed a few opportunities to add some more "shills" in there. I'm pretty disappointed to be honest.


Back in my day, trolls were good at trolling.

Wait what? I am a troll? Tell you what. I'd rather troll this way than shill for Litecoin. See one more opportunity to add shill in a post. Now shill away. The unicorn Wall Street guy is coming to bail out Litecoin.

Litecoin was my first altcoin. Dumped it when ASICs were announced and laughed every time shills posted to buy buy buy and shill about "gold silver ratio".

Time's up.

[MaxDZ8]

I don't care. I haven't even bothered cashing out from the pool. That says all.

I was thinking about selling them for VTC however, or perhaps some XMR. Beware it's an epic sell of over half a LTC LOL

[darkota]

Another 20% drop in price for Litecoin.

[Nakashima]

 It’s been a while since the dropping, people were talking in this forum ,about the price,  the asic and the future. I am a regular miner who have faith in crypto but can’t afford to lose everything I got just by my faith. There are so many topics about litecoin is dead or it’s not. What I really want to know are :
Litecoin is Now Below 5 USD ,what should I do?I got coins,not only LTC,Doge,even a small amount of Mona, should I sell them all or should I get more?
Asic factories are selling asic machines at a very low price now,is this a good opportunity to get some asics?

Please try not to spread FUD or giving hope for no reason.Thx.

[cinder]

Another 20% drop in price for Litecoin.

If it happen, even the most hardcore supporter will bail.

[Tomatocage]

Problem is there are a lot of miners have pre-order ASIC miner that deliver a few months down the road.

They will need to sell at whatever price to recoup part of their investment.

That's a common fallacy that people bought into 3-4 years ago with Bitcoin. People don't mine for the price today. They mine for the price 5 years from now.

[kelsey]

Problem is there are a lot of miners have pre-order ASIC miner that deliver a few months down the road.

They will need to sell at whatever price to recoup part of their investment.

That's a common fallacy that people bought into 3-4 years ago with Bitcoin. People don't mine for the price today. They mine for the price 5 years from now.

Then wouldn't they be best just buying the coinage rather then the equipment 

[lynn_402]

Problem is there are a lot of miners have pre-order ASIC miner that deliver a few months down the road.

They will need to sell at whatever price to recoup part of their investment.

That's a common fallacy that people bought into 3-4 years ago with Bitcoin. People don't mine for the price today. They mine for the price 5 years from now.

Then wouldn't they be best just buying the coinage rather then the equipment 

If they buy their equipment now and there is a bubble a few months from now, that equipment might be wildly profitable and in demand.

I think that's what miners are hoping for.

[cinder]

Problem is there are a lot of miners have pre-order ASIC miner that deliver a few months down the road.

They will need to sell at whatever price to recoup part of their investment.

That's a common fallacy that people bought into 3-4 years ago with Bitcoin. People don't mine for the price today. They mine for the price 5 years from now.

Then wouldn't they be best just buying the coinage rather then the equipment  

If they buy their equipment now and there is a bubble a few months from now, that equipment might be wildly profitable and in demand.

I think that's what miners are hoping for.

Wouldn't it be easier to use the same money to buy coin directly if they are expecting a bubble?

[Deviant1]

I also believe Litecoin is dead simply because it doesn't really have any advantages over Bitcoin and there are far too many much more innovative coins being launched continuously. With so many options out there, why would anyone invest in Litecoin?

[kelsey]

I also believe Litecoin is dead simply because it doesn't really have any advantages over Bitcoin and there are far too many much more innovative coins being launched continuously. With so many options out there, why would anyone invest in Litecoin?

greater network security then any other alt,...as for v btc, a known dev, which is a biggy when it comes to mainstream acceptance and regulation hurdles